IoT To Generate Massive Data, Help Grow Biz Revenue

ZDNET - Jul 27 - IoT will churn more than 20 trillion gigabytes of data by 2025, fueled by increasing broadband speeds. Growing multi-device ownership also has been identified as a key driver of IoT and cloud adoption, according to research from Seagate Technology. More than 80% of companies that invested in IoT saw increased revenue, according to a recent study by India's Tata Consultancy Services, with the average growth rate from such initiatives clocking at 15.6%. Some 9% generated 30% more revenue as a result of their IoT efforts, while market leaders in this space saw a higher revenue increase of 64%.